FY2016 EPS Estimates for Spartan Energy Corp (SPE) Raised by Cormark
Spartan Energy Corp (TSE:SPE) – Stock analysts at Cormark upped their FY2016 earnings per share (EPS) estimates for Spartan Energy Corp in a research note issued to investors on Thursday. Cormark analyst A. Arif now anticipates that the brokerage will post earnings per share of ($0.07) for the year, up from their previous estimate of ($0.11). Cormark also issued estimates for Spartan Energy Corp’s Q1 2017 earnings at $0.00 EPS, Q2 2017 earnings at ($0.01) EPS, Q3 2017 earnings at $0.00 EPS, Q4 2017 earnings at $0.01 EPS and FY2017 earnings at $0.00 EPS.
SPE has been the subject of a number of other research reports. National Bank Financial dropped their target price on Spartan Energy Corp from C$4.25 to C$4.00 in a research report on Wednesday, August 3rd. Dundee Securities boosted their price objective on Spartan Energy Corp from C$4.00 to C$4.15 and gave the company a “buy” rating in a research report on Wednesday, August 24th. Scotiabank reiterated an “outperform” rating and issued a C$4.50 price objective on shares of Spartan Energy Corp in a research report on Thursday. Finally, TD Securities lowered their price objective on Spartan Energy Corp from C$5.00 to C$4.75 and set a “buy” rating for the company in a research report on Thursday, August 25th. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of C$4.14.
Shares of Spartan Energy Corp (TSE:SPE) opened at 3.09 on Monday. Spartan Energy Corp has a 12 month low of $1.85 and a 12 month high of $3.65. The firm’s market cap is $1.27 billion. The stock’s 50 day moving average is $3.30 and its 200 day moving average is $3.27.
Spartan Energy Corp Company Profile
Spartan Energy Corp, formerly Alexander Energy Ltd is a Canada-based oil and natural gas exploration and production company with producing properties focused in Saskatchewan. The Company’s properties include Southeast Saskatchewan, West Central Saskatchewan and Alexander Alberta. The Southeast Saskatchewan property focuses on conventional Mississippian targets, primarily in the Frobisher/Alida and Midale formations.
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